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0 0 0.000242954324586929 -0.000850340136054512 0.00242954324586981 0.00607385811467444 0.0116618075801749 0.0165208940719145
Stock impact report

Sealed Air shares slide 6% as BofA Merrill downgrades stock to neutral after CFO firing [MarketWatch]

Sealed Air Corporation (SEE) 
Last sealed air corporation earnings: 2/11 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.sealedair.com
Company Research Source: MarketWatch
Sealed Air shares slide 6% as BofA Merrill downgrades stock to neutral after CFO firing Shares of food packaging company Sealed Air Corp. SEE, -5.78% slid 6% Friday, after Bank of America Merrill Lynch downgraded the stock to neutral from buy following the termination of Chief Financial Officer William Stiehl. The company announced Stiehl's departure late Thursday, following an internal review by the Board Audit Committee in connection with an investigation by the Securities and Exchange Commission. The company had received an additional subpoena for documents and information on May 2, relating to the process used in selecting its auditor for the period beginning fiscal 2015 and relating to the audit firm's independence. BofA analysts led by George Staphos said they had upgraded Sealed Air in December after it announced a transformation program and that they fully respect Chief Executive Ted Doheny and incoming CFO James Sullivan. However, "multiples might remain compressed until t Show less Read more
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